Carrefour's shares fell over 5% on Wednesday following the release of its 2030 strategic plan, which set a recurring operating margin target of 3.5% by 2030. This target, while exceeding the current consensus of 2.9%, failed to excite investors, who had expected more ambitious goals. The Paris-listed retailer, with a market cap of €11.3 billion, also pledged to reach a 25% French market share and nearly double its operating margin by decade's end. The plan included €5 billion in cumulative net free cash flow between 2026 and 2028 and high single-digit adjusted EPS growth annually. The 2030 margin target was seen as a positive step but insufficient to offset broader market concerns.